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Until AI Can Solve this One Simple Task, I Wouldn’t Worry About It

Logistics Viewpoints

Experts have recently warned about the possibility that artificial intelligence (AI) could lead to the destruction of 400 million jobs by 2030. For fulfillment to be efficient, a warehouse needs the right inventory located in the right slots in a warehouse. A real-time WMS can achieve inventory accuracy of 99.9%

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This Week in Logistics News (October 1 – 7)

Logistics Viewpoints

For those unaware of the term, shrink is an accounting term used to describe when a store has fewer items in stock than in its recorded book inventory. The recently released National Retail Security Survey shows that total shrink in 2021 reported by retailers is now almost a $100 billion problem.

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Trends Transforming Logistics and Supply Chains In the MENA Region in 2023

The Logistics & Supply Chain Management Society

Furthermore, using qualitative and quantitative forecasting to manage product inventory and distribution enables the wider operations of the business and results in improved customer experience. The dynamic logistics model must incorporate all areas of the business including warehouse management, inventory, storage and last-mile delivery.

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Adapting Supply Chains to the Digital Retail Revolution

SCMDOJO

This integration ensures the visibility of inventory, efficient order processing, and synchronized fulfilment across all channels. Having clear visibility into inventory is critical for omnichannel fulfilment. billion operational IoT devices by 2030. You need to integrate your supply chain management systems to meet this demand.

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What You Need To Know About The State Of The Retail Worker Shortage

ToolsGroup

Yet according to retail advisory firm IHL , “The most significant challenges to inventory distortion are the availability of workers and the disruptions outside of the immediate control of the retailer.” Learn how you can secure good talent and help your employees thrive while delivering better business outcomes.

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Climate Change: Yet Another Source of Global Supply Chain Risk and Disruption

BlueYonder

Australia has experienced a 16% decline in yearly rainfall since 1970 , threatening its agricultural industry and its long-term food security. alone, by 2030 the costs of climate-change related workplace disruptions are expected to exceed $2 billion. In the U.S.

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The Internet of Things is over 30 Years Old and still in Its Infancy

Enterra Insights

Other benefits include inventory tracking, product tracking, process improvement, and optimization. By 2030, we will have over 100 trillion connected sensors, and in 2035, the prediction is that we will interact with a connected device every 18 seconds, or 4800 times a day. Technical Challenges. Business Challenges.